Gold rises as geopolitical risks underpin safe-haven demand; USD strength limits gains
India Gold price today: Gold rises, according to FXStreet data
From a macro perspective, the price action following the outbreak of war with Iran was instructive. When markets first had the opportunity to react last Monday, bullion was smashed lower alongside a host of other assets.
Malaysia Gold price today: Gold rises, according to FXStreet data
The 4-hour chart of XAU/USD indicates that the price trimmed gains from $5,419 and traded below $5,200. There was a spike below the 100 Simple Moving Average (red, 4 hours) and the 200 Simple Moving Average (green, 4 hours).
Gold edges higher to near $5,150 on safe-haven demand
Gold price drops below $5,100 as Oil spike lifts US Dollar
Gold came off its earlier lows as it began the week under pressure after recording its first weekly decline since late January. Attempts to recover in the latter half of last week fell short, leaving earlier losses intact.
In this webinar we take an in-depth look at the technical trade levels for the US Dollar (DXY), Euro (EUR/USD), British Pound (GBP/USD), Australian Dollar (AUD/USD), Canadian Dollar (USD/CAD), Japanese Yen (USD/JPY), Swiss Franc (USD/CHF), Gold (XAU/USD), Crude Oil (WTI), and Bitcoin (BTC/USD), and S&P 500 (SPX500), Nasdaq (NDX), and Dow Jones (DJI). These are the levels that matter on the technical charts into the weekly open.
Gold (XAU/USD) is locked in a tug of war as safe-haven demand from escalating Middle East tensions battles the hawkish rate outlook fueled by soaring oil prices. This analysis reviews the impact of the Iran strikes, reduced Fed rate cut expectations, and the potential G-7 oil reserve release.
Gold markets have been very noisy this morning as traders continue to deal with the US dollar surging, and the overall lack of clarity in the Middle East.
Gold remains vulnerable as US-Iran war, Fed rate outlook weigh on sentiment